What are the factors involved in determination of inventory policy?

Inventory policy is a key element of operations management, focusing on decisions about how much inventory to maintain, when to reorder, and how to manage costs. Several factors influence the determination of an effective inventory policy. Firstly, the nature of demand is a crucial factor—whether it is constant, seasonal, or fluctuating affects how much stock should be held. For example, seasonal _______ ________ ___ __________ ______ ________ ______ ________ _______ ____.
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